OFFICIAL TRUMP Downtrend Resumes as Relief Bounce Falters

TRUMP/USDT Price Analysis – August 5

OFFICIAL TRUMP corrective downtrend remains firmly intact as a recent relief rally failed to gather any significant momentum. Sellers have quickly re-emerged, halting the minor bounce and resuming the push to the downside. With technical indicators confirming a strong bearish bias, the market appears poised to test the lower boundaries of its long-standing trading range.

OFFICIAL TRUMP Key Levels

Support Levels: $6.65, $5.200
Resistance Levels: $11.80, $16.00

OFFICIAL TRUMP Long-Term Trend: Bearish (Daily Chart)

TRUMP/USDT shows an asset that continues to trade within a wide, choppy range but with a clear and immediate bearish momentum. The rally attempt in late July was strongly rejected from the $11.87 resistance level, which initiated a significant downtrend that has dominated the price action since.

Currently trading at $8.73, the price is being driven lower by persistent selling pressure. Having failed to hold any significant support on the way down, the path of least resistance is to the downside. The next major target for sellers is the long-term support floor at $6.65, which has previously marked the bottom of the range.

The Momentum indicator is well into negative territory with a reading of -1.42, confirming that the trend is being driven by strong selling pressure. The Stochastic oscillator is deep in the oversold region at 10.29 / 13.82. This confirms the intensity of the recent decline and, while it can sometimes precede a pause, it first and foremost validates the overwhelming control held by the bears.

TRUMP Short-Term Trend: Bearish (4-Hour Chart)

Sellers are in complete control of the short-term trend. The failure of the recent bounce to even test significant resistance shows a clear lack of buyer interest and confirms the strength of the sellers. The immediate outlook is for a continuation of the downtrend, with a likely retest of the recent lows around the $8.50 mark.

The Stochastic oscillator has executed a fresh bearish crossover from the upper half of its range and is now pointing down sharply, providing a clear sell signal. The Momentum indicator has also just dipped back below its baseline into negative territory, confirming that the brief upward momentum has been extinguished and selling pressure is once again the dominant force.

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